Crombie Real Estate Investment Trust (TSE:CRR.UN) Declares $0.07 Monthly Dividend

Crombie Real Estate Investment Trust (TSE:CRR.UN) announced a monthly dividend on Friday, September 27th, TickerTech reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.0742 per share on Tuesday, October 15th. This represents a $0.89 annualized dividend and a yield of 5.57%. The ex-dividend date is Friday, September 27th.

Crombie Real Estate Investment Trust Stock Performance

Shares of CRR.UN traded up C$0.10 during trading hours on Thursday, hitting C$16.00. The company’s stock had a trading volume of 282,108 shares, compared to its average volume of 171,882. The business has a 50 day simple moving average of C$14.51 and a two-hundred day simple moving average of C$13.56. Crombie Real Estate Investment Trust has a 52-week low of C$11.68 and a 52-week high of C$16.10. The company has a debt-to-equity ratio of 120.87, a current ratio of 0.14 and a quick ratio of 0.11. The company has a market cap of C$1.73 billion, a price-to-earnings ratio of -57.14 and a beta of 0.94.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CRR.UN shares. Canaccord Genuity Group boosted their target price on shares of Crombie Real Estate Investment Trust from C$14.00 to C$15.00 and gave the company a “hold” rating in a report on Monday, September 16th. TD Securities boosted their price objective on Crombie Real Estate Investment Trust from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Raymond James lifted their target price on Crombie Real Estate Investment Trust from C$16.25 to C$16.75 in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Crombie Real Estate Investment Trust currently has an average rating of “Moderate Buy” and an average target price of C$15.53.

Crombie Real Estate Investment Trust Company Profile

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high quality grocery and drug store anchored shopping centres, freestanding stores and mixed use developments primarily in Canada's top urban and suburban markets.